BEYNƏLXALQ MALİYYƏ TƏŞKİLATLARI VƏ AZƏRBAYCAN

One of the main goals of the government of Azerbaijan, which regained independence at the end of twentieth century, in economic field was to ensure the integration of the country’s economy into the world economy. International economic integration is performed by foreign trade, international circulation of investment and employment, membership at international economic organisations, participation at regional unions.Azerbaijan’s transition to a market economy and efforts to attain economic stability is supported by international organisations. Within this framework, aid contracts were signed between Azerbaija and the IMF to support macro-economic stability and development, as well as prepare the country for oil revenues.Azerbaijan has been cooperating extensively with the World Bank and its branches. It should be noted that Azerbaijan became a member of the World Bank in 1992 and started to take credits from 1995, as a result, until the first quarter of 2015 the credit total amount of which was over 3 billion US dollars was allocated to 75 projects. Forty of these projects have already been completed and others are currently active. Thus, in Europe and Central Asia regions, Azerbaijan has become the third country owning the largest loan portfolio after Turkey and Kazakhstan.

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